Financial System, Corporate Diversification and Technological Catching-up: South-Korea; an imitator to innovator

Javaid, Muhammad Nadeem

Title:

Financial System, Corporate Diversification and Technological Catching-up: South-Korea; an imitator to innovator

dc.contributor.author	Javaid, Muhammad Nadeem	en_US
dc.contributor.corporatename	Global Network for Economics of Learning, Innovation, and Competence Building Systems	en_US
dc.contributor.corporatename	Université de Nice-Sophia Antipolis	en_US
dc.date.accessioned	2012-06-04T19:38:05Z
dc.date.available	2012-06-04T19:38:05Z
dc.date.issued	2008
dc.description	Proceedings of the 5th International Ph.D. School on Innovation and Economic Development, Globelics Academy 2008, Tampere, 2nd of June 13th of June, 2008.	en_US
dc.description.abstract	Schumpeter emphasized ( 1943) that those who are starting “new things”, or innovating need to be provided with “profits for above what are necessary in order to introduce the corresponding investment” He argued that entrepreneurial profits (or quasi-rents) may some time be provided by the difficulty of imitating the new technology (or organization), but sometimes would have to be secured through “restraints of trade” like cartel arrangements. The thrust of Schumpeter’s argument is then that entry barriers of one form or another are necessary to provide incentives for innovation because it means doing “new thins”. While, Chang H. J. (1993) is of this opinion that establishing an industry in a developing country may not involve doing anything “new” from a global point of view, but poses a similar incentive problem, because it still is a “new thing” for that nation. Therefore this study probes Korean industrial Strategy from a Distinct angle of financial system and financial sector policies as an imperative determinant of technological catching-up.	en_US
dc.identifier.uri	http://hdl.handle.net/1853/43534
dc.language.iso	en_US	en_US
dc.publisher	Georgia Institute of Technology	en_US
dc.subject	R&D allocation	en_US
dc.subject	Innovation	en_US
dc.subject	National financial systems	en_US
dc.subject	South Korea	en_US
dc.subject	Knowledge economy	en_US
dc.subject	Economic development	en_US
dc.title	Financial System, Corporate Diversification and Technological Catching-up: South-Korea; an imitator to innovator	en_US
dc.type	Text
dc.type.genre	Proceedings
dspace.entity.type	Publication
local.contributor.corporatename	School of Public Policy
local.contributor.corporatename	Ivan Allen College of Liberal Arts
local.relation.ispartofseries	Globelics Academy
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relation.isOrgUnitOfPublication	b1049ff1-5166-442c-9e14-ad804b064e38
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